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Canadian North Resources Inc

Canadian Mining Exploration & Development Company

Canadian North Resources Inc. (CNRI) is a Canadian mining exploration and development company that owns 100% interest of the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada. The property holds major base metals (“BM”; nickel, copper, and cobalt) and platinum group metals (“PGM”; palladium, platinum, and rhodium) mineral deposits held in 10 mining leases (96.9 square kilometres) and surrounding exploration claims (156.9 square kilometres), a total area of 253.8 square kilometers.

Investment Highlights

  • Over 92 million tonnes (indicated & inferred) containing substantial resources of copper (1,650 million pounds, Mlb), nickel (1,011, Mlb), cobalt (118.91 Mlb), palladium (3.53 million ounces, Moz), and platinum (0.63 Moz).
  • Over a $190M invested in exploration including over 200,000m of diamond drilling, metallurgy and infrastructure consisting of a 825m gravel airstrip, a 55 person all-year camp, a satellite network and onsite operational field/ heavy equipment.

  • The Ferguson Lake Project boasts substantial high-grade mineral resources with remarkable expansion potential, situated in Canada, a geopolitically stable region known for its stringent environmental standards positioning CNRI perfectly to cater to the escalating demand for critical minerals as the world shifts towards clean energy and carbon neutrality.

  • Proud recipients of the local DIG grant for two consecutive years, CNRI stands dedicated to exploring and advancing its project in the emerging mining region of Nunavut while ensuring active involvement and respect for local indigenous communities and stakeholders at every stage and fostering economic growth within the community.

  • CNRI successfully completed 18,144 meters of drilling in 2022, and surpassed its 20,000-meter drilling objective for 2023 drilling with 21,126 meters. Leveraging the invaluable insights from these drilling efforts, they are advancing and refining their 43-101 technical resource report—a pivotal stride towards achieving its milestone of completing a pre-feasibility in 2024.

Source: * “Independent Technical Report, Updated Resource Estimate, Ferguson Lake Project, Nunavut, Canada” filed by Canadian North Resources to on May 6, 2024

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Common Shares

Escrowed 37,249,761
Restricted 7,901,546
Free Trading 69,203,612
Total Oustanding 114,345,919

Warrants & Options

Options*** 6,581,523
Fully Diluted Shares: 120,927,422


**Including 500,000 Options @ 2.45 expiring May 4th 2024,
500,000 Options @ 2.45 expiring August 14, 2024;
32,825 Options @ $3.15 expiring October 17, 2024;
1,600,000 Options @ $2.45 expiring December 31, 2024;
711,698 Options @ $1.00 expiring April 4, 2027;
2,695,000 Options @ $1.92 expiring May 18th, 2027;
2,695,000 Options @ $1.92 expiring October 18, 2027;
650,000 Options @ $2.45 May 4th, 2028 ;
460,000 Options @ $2.35 expiring Aug.14, 2024 /Aug. 16, 2028.

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